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Business Appraisals in Louisiana
Louisiana, the Pelican State, became a state in 1812. Its desirable port located at the exit of the Mississippi River led to several ownership changes in its early history. From a French crown colony in 1731 to being owned by Spain in 1763 back to France in 1800 and finally to statehood in 1812. The state has retained its French historic roots. It is the only state with parishes rather than counties, and its Mardi Gras Celebration has occurred each year since 1838. The state’s capital, New Orleans, is known as “the birthplace of jazz” and many jazz legends such as Louis Armstong and Jelly Roll Morton hail from the port. The civil war hit the state’s economy hard, with an eventual recovery due to the discovery of oil and natural gas around 1900, a majority of which is offshore production. The state benefits from its port location but it also paid its dues when Hurricane Katrina devastated the state in 2005. Louisiana has struggled to recover completely since then, but the state is held up by dominant industries and hardworking small businesses.
Louisiana’s backbone is in the oil industry, which according to Dr. Patrick Scott of Louisiana Tech, accounts for 24% of state output. The industry provides many jobs in the state but also increases the state’s exposure to the sometimes volatile oil industry. Non durable goods manufacturing accounts for 20% GDP, according to the bureau of economic analysis, about 10% higher than the national average. Non durable goods include oil, salt, processed food, paper, and sulphur. In addition, the state produces large amounts of sweet potatoes, rice, sugar cane, pecans, soybeans, corn, and cotton. The state’s strong exposure to manufacturing limits its exposure to shifts in the economy. While the state doesn’t benefit as strongly from upswings in the economy, it is also more resilient than most states in a downturn.
Small business is the name of the game for Louisiana. According to the Small Business Administration, the state has 457,636 small businesses, which account for 99.50% of all businesses in the state. There are 905,147 small businesses in the state, which account for 53.60% of the state’s employed, higher than the national average of 47.10%. This strong small business presence has led to Peak Business Valuation, business appraiser Louisiana, getting to know many of Louisiana’s hardworking individuals. Those who are looking to buy, sell, or grow a business reach out to Peak Business Valuation to get started. Reach out to us with any questions you may have!
Where does Peak Business Valuation Perform Business Appraisals in Louisiana?
At Peak Business Valuation, business appraiser Louisiana, we have worked with individuals across the state. Below is a list of cities we have worked with recently:
- New Orleans
- West Monroe
- Lake Charles
- Baton Rouge
- Morgan City
What Industries has Peak Business Valuation worked with?
In Louisiana, Peak Business Valuation, business appraiser Louisiana, has worked with many pet grooming services, radio stations, cabinet supply shops, and just about everything in between. We pride ourselves on having broad exposure to many different business models, niches, and industries. It is important to work with a business appraiser in Louisiana that has experience in your industry. Industries that we have worked with recently include:
- Concrete Contractors
- Glass & Glazing Contractors
- Roofing Contractors
- Heating & Air-Conditioning Contractors
- Flooring Installers
- Fence Construction
- Iron & Steel Manufacturing
- Bread Production
- Textile Mills
- Apparel Manufacturing
- Shoe & Footwear Manufacturing
- Metalworking Machinery Manufacturing
- Circuit Board & Electronic Component
- Printing Services
- Automobile Wholesale
- Auto Parts Wholesale
- Jewelry & Watch Wholesale
- Lumber Wholesale
- Footwear Wholesale
- Apparel Wholesale
- Construction Equipment Wholesale
- Industrial Supplies Wholesale
- Janitorial Equipment Supply Wholesale
- Paint Wholesale
- New and Used Car Dealers
- Recreational Vehicle Dealers
- Auto Parts Store
- Tire Dealers
- Furniture Stores
- Convenience Stores
- Clothing Stores
- Jewelry Stores
- Hardware Stores
- Lumber & Building Material Stores
- Supermarkets & Grocery Stores
- Beer, Wine, & Liquor Stores
Transportation and Warehousing
- Local Freight Trucking
- Long-Distance Freight Trucking
- Moving Services
- Local Specialized Freight Trucking
- Automobile Towing
- Couriers & Local Delivery Services
- Software Publishing
- Operating Systems & Productivity Software Publishers
- Internet Service Providers
- Wireless Telecommunications Carriers
Finance & Insurance
Real Estate, Rental, & Leasing
- Truck Rental
- Property Management
Professional, Scientific, & Technical Services
- Bookkeeping Services
- Accounting Services
- Tax Preparation Services
- Building Inspectors
- Consulting Services
- Advertising Agencies
- Engineering Services
- IT Consulting
Healthcare & Social Assistance
- Primary Care Doctors
- Physical Therapists
- Psychologists, Social Workers & Marriage Counselors
- Day Care
- Urgent Care
Arts, Entertainment & Recreation
- Arcade, Food & Entertainment Complexes
- Gym, Health & Fitness Clubs
- Bowling Centers
- Fast Food Restaurants
- Coffee & Snack Shops
- Bars & Nightclubs
- Single Location Full-Service Restaurants
- Event Planning
- Auto Mechanics
- Car Body Shops
- Dry Cleaners
- Car Wash & Auto Detailing
- Pet Grooming & Boarding
- Funeral Homes
- Security Alarm Companies
- Shoe Repair
- Cemetery Services
- Tanning Salons
- Maids, Nannies, & Gardeners
- Hair & Nail Salons
- Pest Control
What Services does Peak Business Valuation offer in Louisiana?
Peak Business Valuation, business appraiser Louisiana, offers business valuations in Louisiana for a variety of reasons. We frequently work with individuals looking to buy or sell a business, management teams, partnerships, accountants, and others. There are many reasons that an individual may need a business appraisal in Louisiana. Here are a few reasons clients reach out to us:
- Buying a Business
Individuals in Louisiana looking to buy or sell a business reach out to Peak Business Valuation, business appraiser Louisiana. A business valuation is a great starting point for negotiations, and helps individuals better understand what drives the value of the business they are looking to buy or sell.
- Growing a Business
Annual valuations provide a gauge of what your business is valued at and how the business is growing. Annual valuations can give you the confidence to adapt to your customers’ changing needs and ensure you are on the right track to reaching your goals as a business owner.
- Small Business Association Lending
Banks in Louisiana often reach out to Peak Business Valuation to provide business valuations for SBA loans. It is required that a bank get an SBA business valuation for any loan over $250,000. With increasingly favorable terms for SBA lending, we have seen an increase in loan traffic and great interest rates for SBA loans. Hence, Peak performs dozens of SBA business valuations a month.
- Gift and Estate Tax Planning
Do you plan to transfer or sell your business to an heir? Obtaining a business valuation for the purpose of gift and estate tax planning can help ensure you are able to fund the tax liability when this happens.
Whatever your situation, Peak Business Valuation is here to help you!
Get started today by scheduling your free consultation!